As Ravening Wolf said it's a world wide conspiracy and treaty between ZOG governments to destroy anything "insurgents" can use for warfare.. even camoflage nets and such are being destroyed instead of surplussed

I also add my admonition to keep your powder dry and have plenty of it, the collapse of the economy will bring on the escalating battle for the Planet of the Apes, right here in the former USA

The wave of bankruptcies is going to be unbelievable, which btw I have a thread in the money matters section to chronicle the bankruptcies and comment on them.

Yet still I read about Jewish speculators, financiers, trial lawyers taking home income of 100 million to 1 billion dollars last year. And ceos and executives of all ethnicities taking compensation of 5-15 million dollars in one year even as their company enters bankruptcy.

There is growing anger on the streets about the fed and the bankers. Soem family gets their house foreclosed on and then reads about some trader who was leveraged 100 to 1 and bet against the pool of mortgages like theirs got a 20 million bonus last year.

Location: Somewhere at the Andes mountains, with deep gratitude for New orleans

Posts: 957

Re: Retail in a state of "anarchy" as consumers retreat

Quote:

Originally Posted by BuffScotsman

The wave of bankruptcies is going to be unbelievable, which btw I have a thread in the money matters section to chronicle the bankruptcies and comment on them.

Yet still I read about Jewish speculators, financiers, trial lawyers taking home income of 100 million to 1 billion dollars last year. And ceos and executives of all ethnicities taking compensation of 5-15 million dollars in one year even as their company enters bankruptcy.

There is growing anger on the streets about the fed and the bankers. Soem family gets their house foreclosed on and then reads about some trader who was leveraged 100 to 1 and bet against the pool of mortgages like theirs got a 20 million bonus last year.

leveraging and Short selling, those are 2 monstrosities common people (not dumb people by any measure) have a hard time believing can exist... One thing I´m seeing in this recession which is interesting is the bankruptcy of firms that had been previously bought out by private capital funds, I think it´ll be important to see what happens with Chrysler in this environment, if it goes down it will give a big blow to the "private buy outs restructure companies and make them profitable" mantra.

leveraging and Short selling, those are 2 monstrosities common people (not dumb people by any measure) have a hard time believing can exist... One thing I´m seeing in this recession which is interesting is the bankruptcy of firms that had been previously bought out by private capital funds, I think it´ll be important to see what happens with Chrysler in this environment, if it goes down it will give a big blow to the "private buy outs restructure companies and make them profitable" mantra.

The consumer spending slump and tightening credit markets are unleashing a widening wave of bankruptcies in American retailing, prompting thousands of store closings that are expected to remake suburban malls and downtown shopping districts across the country.

Since last fall, eight mostly midsize chains — as diverse as the furniture store Levitz and the electronics seller Sharper Image — have filed for bankruptcy protection as they staggered under mounting debt and declining sales.

But the troubles are quickly spreading to bigger national companies, like Linens ‘n Things, the bedding and furniture retailer with 500 stores in 47 states. It may file for bankruptcy as early as this week, according to people briefed on the matter.

Even retailers that can avoid bankruptcy are shutting down stores to preserve cash through what could be a long economic downturn. Over the next year, Foot Locker said it would close 140 stores, Ann Taylor will start to shutter 117 and the jeweler Zales will close 100.

MGM Mirage Inc., the largest casino operator on the Las Vegas Strip, on Monday notified more than 400 middle management employees they would be terminated immediately in a cost-saving move, the company said.

The decision will save $75 million annually and came after the company saw weakness since August at its properties, which include Bellagio, MGM Grand, Mirage, and Mandalay Bay, spokesman Alan Feldman told The Associated Press.

The move is the largest and swiftest by a casino operator in the current economic downturn, although use of so-called "extra board" employees who take fill-in shifts as needed has been down citywide.

People often ask whether I am concerned about inflation, deflation, peak oil, or a global financial meltdown. My answer is as follows.

The future is something to be created, rather than feared. Allocating our time, networks, and resources to deal with a variety of high-risk scenarios frees us to become proactive and to build positive futures instead of negative ones. I like to understand what these scenarios mean in terms of managing risk and to know how we can succeed within all possible futures.

But my business is investment, not prophecy.

The risk scenario I weight most heavily is not listed above. I call it the “Slow Burn.”

The “slow burn” is a political culture and economy managed through principles of economic warfare in which insiders systematically protect themselves and centralize control and ownership of resources by using:

Insiders use these means to drain the time, resources, and life of people on the outside. Although insider cartels compete and jockey for power, they are able to settle their squabbles by increasing control and draining everyone and everything else. This is why the bubble economy continues to deplete the real economy. It is likely the reason why Dick Cheney said, “Deficits don’t matter.”

In a slow burn scenario, it is possible to prop up trillions of dollars in financial asset values by systematically arranging subsidies that ultimately liquidate life. This is what “managing” markets really means: de-populating people and places to maintain phony values created and necessitated by derivative bets.

The reason why it is difficult for sophisticated financial people to discern that a slow burn is taking place is because we have not yet collectively mastered the operational detail of how it is implemented. This is an extremely important subject.

One of the most important aspects of the Paulson Plan to re-engineer US financial regulation is the assertion of complete control of payment systems by the Federal Reserve and gaining access to the data of essentially any financial institution. Combined with 1) the ability to print money and 2) digital communication payment and surveillance technology (satellite), this will consolidate greater power into fewer hands than at any time in recorded history.

As Nicholas Negroponte said, “In a digital age, data about money is worth more than money.”